Fengxing Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 04:02 am EDT
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Fengxing Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 194.49 million compared to CNY 216.66 million a year ago. Net income was CNY 18.69 million compared to CNY 20.2 million a year ago. Basic earnings per share from continuing operations was CNY 0.17 compared to CNY 0.23 a year ago. Diluted earnings per share from continuing operations was CNY 0.17 compared to CNY 0.23 a year ago.
Fengxing Co Ltd, formerly Anhui Fengxing Wear Resistant Materials Co Ltd, is a China-based company mainly engaged in high-efficiency and environmentally friendly motors and integrated system solutions for marine power business and wear-resistant materials business. The high-efficiency and environmentally friendly motors and integrated system solutions for marine power business is mainly engaged in the research and development, manufacturing, sales and service of high-efficiency and environmental-friendly generators and their application in specific scenarios. The wear-resistant materials business is specialized in the research and development, production, sales and technical services of wear-resistant materials, including high-chromium ball sections, extra-high-chromium ball sections, liners and others.
FENGXING CO., LTD. 
